business ventures
Hip-Hop’s 1st Billionaire Jay-Z Sees Fortune Jump Up 40 Percent
Source: Kevin Mazur / Getty Jay-Z might not drop albums at the rate he did during his rise into becoming Hip-Hop’s first billionaire, but he continues to dazzle in a similar fashion within the business world. After securing two recent deals, the Brooklyn rapper turned mogul saw his net worth jump 40 percent according to a new tally. Forbes examined the recent deals Jay-Z just finalized, which include a 50 percent sale of his Armand de Brignac champagne brand to LVMH, and Jack Dorsey’s Square outfit buying a majority stake of the TIDAL music and content service. The two deals, according to the publication, put the artist born Shawn Carter’s fortune at $1.4 billion. Among Jay-Z’s many holdings, he still retains 50 percent of the so-called “Ace Of Spades” bubbly, is one of the co-founders of ...
Hold Up I’m Just Warmin’ Up: Square Gains Majority Stake In TIDAL For $297 Million
Source: Thomas Trutschel / Getty The business world is shifted once again, most especially within the realm of music and content streaming. It was announced today (March 4) that Square has obtained a majority stake of TIDAL and will name Shawn “Jay-Z” Carter to its board of directors. By way of a press release issued by Square, the new deal states that Square will pay a combination of cash and stacks for a total of $297 million, putting the company founded by Twitter co-founder Jack Dorsey smack dab in the middle of the streaming wars. TIDAL will still operate as an independent entity according to the announcement. The release goes on to detail that Square is hopping into this space as a means to empower musicians and all connected individuals within that space in order to facilitate payme...
Bag Collection: Jay-Z Sells Half Of Aces Of Spades To LVMH
Source: Jamie McCarthy / Getty Jay-Z continues to thrive in the board room with the same flair he exhibited as one of the world’s best rappers. The Brooklyn mogul sold half of his champagne brand Armand de Brignac business to LVMH, which will significantly boost its global profile. The New York Times broke the news of Jay-Z’s sale of the champagne largely known as Ace of Spades in most circles. Now in partnership with the Paris-based LVMH Moët Hennessy Louis Vuitton, Armand de Brignac will have the resources of LVMH at their disposal. As it stands, Ace of Spades has emerged as a symbol of celebration and wealth and has become a staple in nightclubs and establishments where bottle service is given. As the Times notes, the deal brings in a savvy Black business owner in Jay-Z and gives LVMH a...
Bag Collection: Jay-Z Sells Half Of Aces Of Spades To LVMH
Source: Jamie McCarthy / Getty Jay-Z continues to thrive in the board room with the same flair he exhibited as one of the world’s best rappers. The Brooklyn mogul sold half of his champagne brand Armand de Brignac business to LVMH, which will significantly boost its global profile. The New York Times broke the news of Jay-Z’s sale of the champagne largely known as Ace of Spades in most circles. Now in partnership with the Paris-based LVMH Moët Hennessy Louis Vuitton, Armand de Brignac will have the resources of LVMH at their disposal. As it stands, Ace of Spades has emerged as a symbol of celebration and wealth and has become a staple in nightclubs and establishments where bottle service is given. As the Times notes, the deal brings in a savvy Black business owner in Jay-Z and gives LVMH a...
Jay-Z Launches $10M Fund For Minority-Owned Cannabis Businesses
Source: Robert Kamau / Getty The cannabis industry has most certainly boomed over the past few years, with some projections saying the field could see earnings top $130 billion by 2024 according to some insiders. Jay-Z, seeing the vast potential after launching Monogram, has launched a fund that will put financial muscle behind minority-owned cannabis businesses as he too has dipped his toes into that pool. The Wall Street Journal reports that Jay-Z, real name Shawn Carter, has launched a $10 million fund in order to support Black and minority cannabis businesses and to attract other interested minds to that space as well. The so-called “green rush” has emerged as a popular business model for investors across the nation but very few of the cannabis companies, including entry into the wide-...
Tyga Launches New OnlyFans Management & Marketing Company
Source: Edward Berthelot / Getty Tyga turned heads earlier this year after hopping on the OnlyFans train as many other celebrities have done in the past year, and now he’s investing in a related venture. The California rapper has launched a marketing and management company fashioned to boost the careers of models on the OnlyFans platform. Too Raww Entertainment is branded as a “lifestyle, entertainment, and management company” according to a small tagline on the website for Tyga’s venture. With accounts on both the Twitter and Instagram platforms, Tyga and his team have put out public calls for models hoping to gain career guidance and broader exposure via OnlyFans and, we can only assume, the existing social media channels available. While there isn’t a list of services available as of ye...
Sippin’ On…You Know The Rest: Snoop Dogg Introduces Gin Brand INDOGGO
Source: INDOGGO / INDOGGO Snoop Dogg has managed to keep himself in the conversation by way of his effortlessly cool and charming personality, but also while possessing a strong business sense as well. Now, the Doggfather might need to flip his name to the Ginfather, this after introducing his own brand of the famed spirit, INDOGGO. INDOGGO is the latest business venture from the savvy Uncle Snoop, which takes the botanical nature of gin and, into use the rapper’s words, remixes the classic spirit by adding an all-natural strawberry flavoring. Partnering with Keenan Towns of Trusted Spirits, a beverage supplier known for bringing celebrity wine and spirits brands to life, and Prestige Beverage Group, a known spirits importer, INDOGGO is poised to enter the gin marketplace where some are di...
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